Bankless cover image

Austin Federa: Is SOL Money?

Bankless

Ethereum's Decentralization Compromise

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Think of roll-ups, like Arbatram, optimism, polygon. Think of those as actually being enshrined in the Ethereum layer one and each of them are execution shards. And so every single execution shard is like a roll-up... The original vision would have kept ETH just as decentralized as it was on a proof-of-work system. Every L2 is highly centralized. Every roll-up is highly central. It's a middle gram between these two things. Yes. You can't run a permissionless layer two system. But we went even more ... to let roll-ups be these execution environments that move asynchronously rather than synchronously.

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